Providence was one of the principal pioneers of a sector-based approach to private equity investing. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Insights about top trending companies, startups, A world where every person has the chance to live their healthiest life, Providence commits $50 million to address health equity. Community Health Needs Assessments and Improvement Plans, Notice of Nondiscrimination and Communication Assistance, Build, strengthen and maintain relationships with our diverse communities, including people of color, indigenous people, those who identify as LGBTQIA+ and others experiencing inequities, oppression and discrimination, Listen to and partner with our patients, communities and health plan members to understand and actively reduce structural, racial and cultural barriers to health for all, Partner with community organizations to develop data-informed health equity strategies and implement proven practices to resolve the root causes of health disparities, Amplify the voices of all identities impacted by oppression. The fund investment ranges from USD $150.0 to $500 million. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. Under the . Team | PSG The firm raises investment funds from a broad array of institutional investors, including pension funds, endowments, sovereign wealth funds, financial institutions, insurance companies, fund of funds, and high-net-worth individuals. Providence seeks to exit music market with $600mn song sale You can make choices about cookie use below. By 2007, the firm had. Private equity-backed buyouts globally fell 51 per cent year on year in the first quarter of 2023 to total $136.1bn, according to Refinitiv data. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. For cost savings, you can change your plan at any time online in the Settings & Account section. Learn more about our mission, vision and values. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. As of 8th August 2022, Providence Equity Partners L.L.Cs top holding is 82,520,604 shares of DoubleVerify currently worth over $1.87 billion and making up 71.0% of the portfolio value. Each year, we serve more than 6 million people of every walk of life. 6. The Boston Foundation has named M. Scott Knox as the first director of the Equality Fund, the foundation's fund to support Greater Boston nonprofits that serve the LGBTQ+ community. Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Home - Nautic Except Necessary Cookies. See our, Chongqing Anxincheng Guquan Touzi Jijin Guanli Youxian Gongsi, Monmouth Beach, New Jersey, United States, Baden-Wrttemberg, Baden-Wurttemberg, Germany. Mary Claire graduated from the University of Texas at Austin, with a BBA in Business Honors and Finance, and a minor in textiles focused on consumer behavior. [8][9] Prior to joining Providence, Gahan was head of Deutsche Bank's corporate and investment banking in the Americas and chief executive officer of Deutsche Bank Securities. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. For a full comparison of Standard and Premium Digital, click here. 5. Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. But the . [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. You post comments at your own choice and risk. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Funding to support continued global expansion of the company's guest experience platform. Valuation. As part of this planned transition, Providence appointed Davis Noell and David Phillips senior managing directors and co-heads of North America, and Karim Tabet and Andrew Tisdale senior managing directors and co-heads of Europe. Find More Contacts for Providence Equity Partners, Edit Lists Featuring This Company Section, Providence Equity Partners invests in digital STEM education company, Providence Equity Partners raises $116.5M for two hedge funds, Providence Equity Partners Portfolio Companies, Finance Companies With Less Than $500M in Revenue (Top 10K), Financial Services Companies With Less Than $50M in Revenue (Top 10K). Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Necessary cookies are absolutely essential for the website to function properly. Some are required for the site to work. . Outfront Media is one of the largest providers of out-of-home advertising signage and displays in the U.S. Smartly.io is a software platform that helps many of the worlds leading digital advertisers create, manage and optimize social media ad campaigns. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. And we commit to doing the personal and institutional work needed to live the values of Providence, which call us to welcome all and serve one another with respect and dignity. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. PDF Providence Memorandum - Pennsylvania Public School Employees They allow you to move around the site and use its features. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. By logging into the PSG Hub you agree that the information contained herein must be kept It also outlines five commitments that we pledge to deliver to every patient and every community we serve. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. Providence eyes $1.35bn stapled deal after LP response - exclusive Find the right product for your needs. In addition, the fund holds 21,175,226 shares of Callaway Golf Co worth $432 million, whose value fell 2.5% in the past six months. Private Equity Portfolio As of September 30, 2021 ($ in millions) 2011 Blackstone Capital Partners VI $200.0 $216.8 $262.8 $111.1 1.72x 12.6% 2016 Blackstone Capital Partners VII $450.0 $462.6 $174.0 $579.9 1.63x 21.6% 2020 Blackstone Capital Partners VIII $500.0 $158.7 $5.5 $190.5 1.24x n.m. 2015 Blackstone Energy Partners II $200.0 $208.4 $49 . Meet the team that's with you every step of the way. Health Equity | Providence [37], In September 2012, Providence sold a less than 10% stake in the firm to Florida's state pension system and a sovereign wealth fund. 20% of the total holdings value. If we find new data, we will add it here. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. 1. [17][18][19][20][21][22][23][24][25][26][27][28], Providence's recent exits include TES, Galileo Global Education, EdgeConneX, OEConnection, PADI, Ascend Learning, Vector Solutions and ZeniMax Media. The high activity for fund was in 2000. The firm has completed more than 120 investments and delivered successful results over three decades. News & Media | Carlyle PROVIDENCE EQUITY PARTNERS L.L.C. Top 13F Holdings Provenance was founded by Anthony Choe, a veteran private equity investor in the consumer space for over 20 years, with experience in leading direct-to-consumer brand investments since 2000. In the next rounds fund is usually obtained by Providence Strategic Growth, Baidu, OVP Venture Partners.The current fund was established by Jonathan Nelson. North Road is a global, multi-genre, independent content studio. These cookies track visitors across websites and collect information to provide customized ads. This is just the beginning. Team Locations In Memoriam Clear filters Clear Search Collaborative. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Prior to that, she assessed private equity co-investments in small and mid-market companies in the consumer, health and education sectors at Harris Preston & Partners, where she began her career. SevenRooms Raises $50M Series B Round with Providence Strategic Growth Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. Before TSG, Paula served as Global President of Diane von Furstenberg (DvF) from 1999 to 2013, where she led DvFs transformative growth into an international lifestyle brand and scaled the business from less than $1 million of revenue to over $300 million of revenue by leading omnichannel expansion through a global footprint of free standing DvF stores, launching DvF.com, and establishing a substantial presence in department stores worldwide. Compare Standard and Premium Digital here. We value each member of our diverse communities for their identities, journeys and experiences. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Providence remains a shareholder in the company. Providence Equity Partners VII Profile: Investments & Returns | PitchBook Though we still have a ways to go, we have made significant strides over the past year. Do you represent Providence Equity Partners? On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Over the past year, Providences health equity work has focused on underserved communities most impacted by the pandemic. PSG | LinkedIn This category only includes cookies that ensures basic functionalities and security features of the website. Providence Equity Partners L.L.C. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Tenstreet Announces Majority Growth Investment From Providence Equity Facility Equity Initiative | RI Department of Education CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. Anthony began his career as an analyst at Donaldson, Lufkin & Jenrette in New York from 1994-1996, where he focused on mergers & acquisitions, high yield financings, and leveraged buyouts. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. cookies Blackstone Acquires Clarion - Blackstone In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. The deal is expected to close in the third quarter. [1][2], The firm manages funds with over $31 billion in aggregate private equity capital commitments, making it a large global player in the private equity industry. You bear the whole responsibility,related to their substance, content and the fact of publication. Tempo Music is a proprietary music rights acquisition platform that operates in partnership with Warner Music Group. Providence Equity Partners Portfolio Exits80 Portfolio Exits. Stocks with a size of more than $10 billion in market cap make up YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. After building a global investing firm, Paul Salem is focusing locally Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. We also use third-party cookies that help us analyze and understand how you use this website. SEC Filings include 13F quarterly reports, 13D/G events and more. The Boston Foundation names M. Scott Knox as new director for its The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. This latest funding aims to support SevenRooms' continued . Providence partners with companies at various stages of development, from growth capital and complex recapitalizations of family-owned businesses to large buyouts and take-privates. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. You can still enjoy your subscription until the end of your current billing period. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. FY 2022 SBA Capital Fund - Facility Equity Initiative; FY 2022 SBA Capital Fund - ARTS Initiative Grants; FY 2023 SBA Capital Fund - Facility Equity Initiative; Contact Information 255 Westminster Street Providence . Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate Quickly find out what the most recently closed or increased positions are. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. We'll use your location to find clinics, hospitals and doctors closest to you. Companies. These funds often invest in the rounds preceeding the rounds of Providence Equity Partners: Providence Equity Partners is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Providence Equity Partners: There are no funds here. And we commit to doing the personal and institutional work needed to live the values of Providence, which call us to welcome all and serve one another with respect and dignity. Sweetwater Announces Growth Equity Investment from Providence Equity [51], In September 2020, Providence announced a leadership transition plan, under which founder and CEO Jonathan M. Nelson would become Executive Chairman in January 2021. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. Assembly Announces Significant Investment by Providence Strategic It sold the previously owned 21,175,226 shares for $496 million. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Get the full list, Youre viewing 5 of 14 funds. Prior to founding Provenance, Anthony was a partner at Brentwood Associates, a leading middle-market private equity firm focused on the consumer space. Anti-trust clearance in the United States. Win whats next. In the most recent 13F filing, Providence Equity Partners L.L.C revealed that it had opened a new position in CPPIB, HarbourVest Partners and StepStone, had agreed to a 2:1 secondaries to primary ratio, meaning the group is set to commit as much as $450 million to Providence's latest fund, Providence Equity Partners VIII. Check if your The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. Listening to and learning from people in our communities about the impacts of health disparities, structural barriers and community priorities are key components of this work. Team Provenance Get the full list, Morningstar Institutional Equity Research. Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Prior to joining Provenance, Anton helped manage a portfolio of early and growth stage investments at Altpoint Ventures, including businesses in the consumer internet, e-commerce and on-demand consumer services sectors. [38], In February 2015, Providence's $800 million stake in security screener Altegrity was wiped out when the security company was accused of fraud and filed for bankruptcy. PROVIDENCE - Rhode Island lawmakers in the House have approved legislation to allow state funds to be used to pay for health plans that cover state workers and Medicaid . Providence Equity Partners is the famous VC, which was founded in 1989. Last year, Providence's portfolio of investments generated. Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. Providence Equity Partners | LinkedIn Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. NEW YORK (June 25, 2020) - SevenRooms ("the Company"), a fully-integrated, data-driven guest experience platform for the hospitality industry, has raised a $50 million Series B funding round led by Providence Strategic Growth ("PSG"). Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. Providence Equity Partners is the famous VC, which was founded in 1989. The fund targets software, education tech, TMT, SaaS sectors. We value each member of our diverse communities for their identities, journeys and experiences. Node4 is a leading U.K. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. At Providence, we recognize that long-standing inequities have led to health disparities. We use different types of cookies on the site. The main department of described VC is located in the Providence. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. The top amount of exits for fund were in 2019. Learn more about our mission, vision and values. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. Simply log into Settings & Account and select "Cancel" on the right-hand side. We offer an assisted fundraising option for startups. 10 considerations for early-stage private equity managers Accelerate Learning Announces Majority Investment from Providence There are currently 5 companies in Mrs. Condes portfolio. Providence Equity Partners 57 Investments, Portfolio, Team members Since its founding in. But opting out of some of these cookies may have an effect on your browsing experience. While commenting, you are under the rule of our websites terms of use and privacypolicy. You may change or cancel your subscription or trial at any time online. Language links are at the top of the page across from the title. LinkedIn sets this cookie to store performed actions on the website. Meet the team thats with you every step of the way. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. Without these cookies, we cannot provide services through the site. Funds with similar focus located in United States: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. [15][16], Since 2013, significant investments by the firm include 365 Retail Markets, Ambassador Theatre Group, DoubleVerify, Learfield Communications, GlobalTranz, Groupe La Centrale, MsMvil Group, n2y, Node4, Smartly.io, TAIT, Tenstreet, and TCP.
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